AUSTIN – The Texas Public Policy Foundation’s Economist Dr. Vance Ginn issued this statement today on the U.S. Census Bureau’s Foreign Trade report:
“Today’s report further clarified the diversity of the Texas economy as it again tops the nation in exports for the 14th consecutive year. Although the lower oil price contributed to a substantial drop in exports to foreign countries in 2015, Texas’ other vibrant industries led to $251 billion in exports, which was $86 billion more than the second highest total in California,” said Dr. Ginn. “The Texas model supported by a well-diversified economy benefited by high levels of international trade and pro-growth policies must be continued to empower Texans to achieve their hopes and dreams.”
Ph.D. Economist at the Texas Public Policy Foundation. Blog posts are publications by the author.